In auditing accounts receivable and related revenue balances, several potential problems exist that could create material misstatements. Some of these would be errors whereas others would indicate fraud. A set of basic internal control should be in place to prevent such erroneous or frauds from happening and a serial of substantive test to be conducted by auditors to make sure the accounts receivable’s balances are free of misstatement. Through this post, I am going to overview accounts receivable and revenues [...]